It’s been around 2 years of implementation of the RERA Act, various developers have failed to get their projects to register with their respective RERA Authorities.
A large number of aggrieved homebuyers took out a large procession against the dilution of RERA by the state government of Karnataka.
Karnataka RERA- The numbers of unregistered projects are not known, Karnataka has come up with a unique solution to solve the problem.
Karnataka is the second state to implement RERA Act for real estate. RERA Authority has successfully registered 1,331 projects out of 1,982 applications in the state.
Karnataka had been the second State to implement the RERA Rules within its jurisdiction however the trailblazer has seemed to have lost its steam.
Karnataka (Real Estate Regulatory Authority) is the authority made for homebuyers so that they can get relief and developers cannot exploit them.